HubPages

The Arena Group Reports Third Quarter 2023 Financial Results; Advances Bridge Media Acquisition

Retrieved on: 
Tuesday, November 14, 2023
Marketing, Communications, Social Media, Content Marketing, Media, Publishing, Webcast, EBITDA, Simplification, Pageview, Three Months, Acquisition, Arena, NYSE, Balance sheet, TheStreet, Job Creators Network, Parade, Sports Illustrated, Accounting, Ecosystem, OTT, Advertising, Parade Media, Travel, Social media, Digital, Adjustment, Comscore, CTV, Marlo Anderson, HubPages, Growth, OTA, Liquidity, Lifestyle, Environment, Mountaineering, Google Analytics, Cryptocurrency, Video game, Music, Film industry, Beauty salon, Bookkeeping, Management, Bank, Entertainment, Sport

Additionally, subsequent to the end of the third quarter, on November 6, 2023, The Arena Group announced that it signed a definitive agreement to combine with Bridge Media Networks (the “Proposed Transaction”).

Key Points: 
  • Additionally, subsequent to the end of the third quarter, on November 6, 2023, The Arena Group announced that it signed a definitive agreement to combine with Bridge Media Networks (the “Proposed Transaction”).
  • The Arena Group intends to use a portion of the cash proceeds to reduce its debt by $26 million from current levels.
  • Revenue increased 11% to $63.4 million compared to $57.3 million in the prior year quarter.
  • For additional information regarding non-GAAP financial measures, see “Use of Non-GAAP Financial Measures” and “Net Loss to Adjusted EBITDA Reconciliation” below.

The Arena Group to Host Third Quarter 2023 Financial Results Conference Call on Tuesday, November 14

Retrieved on: 
Wednesday, November 8, 2023
General Sports, Sports, Publishing, Entertainment, Online, Men, Communications, Digital Marketing, Consumer, TheStreet, Arena, HubPages, Sports Illustrated, NYSE, Webcast, Broadcasting

The Arena Group Holdings, Inc. (NYSE American: AREN) (the “Company” or “The Arena Group”), a technology and media company that transforms more than 265 brands, including Sports Illustrated, TheStreet, Parade Media (“Parade”), Men’s Journal, and HubPages, today announced that it will release its financial results for the third quarter ended September 30, 2023, on Tuesday, November 14, 2023 following the close of the market.

Key Points: 
  • The Arena Group Holdings, Inc. (NYSE American: AREN) (the “Company” or “The Arena Group”), a technology and media company that transforms more than 265 brands, including Sports Illustrated, TheStreet, Parade Media (“Parade”), Men’s Journal, and HubPages, today announced that it will release its financial results for the third quarter ended September 30, 2023, on Tuesday, November 14, 2023 following the close of the market.
  • Ross Levinsohn, The Arena Group’s Chief Executive Officer; Doug Smith, Chief Financial Officer; and Andrew Kraft, Chief Operating Officer, will host a conference call and live webcast to review the quarterly results and provide a corporate update at 4:30 p.m.
  • ET the same day.
  • To access the call, interested parties should use one of the below links:
    Webcast link for interested listeners: https://edge.media-server.com/mmc/p/feqbkch6
    Dial-in registration participant call link: https://tinyurl.com/Arenq3
    Following the conclusion of the live call, a replay of the webcast will be available on the Investor Relations section of the Company's website for at least 90 days.

The Arena Group Signs Definitive Agreement to Combine with Bridge Media Networks

Retrieved on: 
Monday, November 6, 2023
Men, Online, Media, Entertainment, Consumer, Digital Marketing, Publishing, TV and Radio, Marketing, Advertising, Communications, Content Marketing, Simplification, Security (finance), NYSE, NewsNet, Journal, Arena, Growth, Travel, TheStreet, Letter, NYSE American, HubPages, Sports Illustrated, Sport

The Arena Group Holdings, Inc. (NYSE American: AREN) (“we,” “us,” “our,” the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, today announced that it has signed a definitive agreement under which the Company will combine with Bridge Media Networks, LLC (“Bridge Media Networks”), a wholly owned subsidiary of Simplify Inventions, LLC (“Simplify”).

Key Points: 
  • The Arena Group Holdings, Inc. (NYSE American: AREN) (“we,” “us,” “our,” the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, today announced that it has signed a definitive agreement under which the Company will combine with Bridge Media Networks, LLC (“Bridge Media Networks”), a wholly owned subsidiary of Simplify Inventions, LLC (“Simplify”).
  • The Arena Group and Simplify previously announced the signing of a binding Letter of Intent between the parties on August 14, 2023.
  • Under the terms of the agreement, The Arena Group stockholders will receive one share of common stock of New Arena for each share of The Arena Group common stock they own.
  • Pursuant to the proposed transaction, the existing assets of The Arena Group will be combined with the video programming, distribution, and production assets of Bridge Media Networks, including Bridge Media Networks’ two 24-hour networks, NEWSnet and Sports News Highlights, as well as the automotive and travel properties Driven and TravelHost.

The Arena Group Names Katie Kulik as Chief Revenue Officer to Drive Growth and Innovation

Retrieved on: 
Thursday, November 2, 2023
Marketing, Advertising, Digital Marketing, Communications, Content Marketing, Media, Publishing, Sale, Canadian Tire money, NYSE, Job Creators Network, CNET, Parent, Paramount Global, Surfing, Journal, Multimedia, Arena, Katie, Criteo, Red Ventures, CBS, Parental leave, TheStreet, HubPages, Sports Illustrated, Sport, Video game, Powder

View the full release here: https://www.businesswire.com/news/home/20231102855928/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231102855928/en/
    Katie Kulik, new Chief Revenue Officer of The Arena Group (Photo: Business Wire)
    “We’re thrilled to welcome Katie Kulik as our new Chief Revenue Officer,” said Ross Levinsohn, Chairman and Chief Executive Officer of The Arena Group.
  • After completing the sale, she was named Chief Revenue Officer of CNET Media Group, a Red Ventures Company.
  • "As the Chief Revenue Officer of The Arena Group, I am thrilled to embark on a journey that will elevate our media revenue to new heights," stated Katie Kulik.
  • Despite a difficult macroeconomic environment, The Arena Group delivered impressive results in Q2 2023, with revenue growth, improved CPMs, and stable operating expenses.

The Arena Group to Participate in Lake Street Capital Markets’ Annual Best Ideas Growth Conference on September 14

Retrieved on: 
Wednesday, September 6, 2023
Other Entertainment, Publishing, Men, Media, Communications, Online, Consumer, Entertainment, Sports Illustrated, The Yale Club of New York City, Journal, HubPages, TheStreet, FNK, NYSE, Conference, Sales

The Arena Group Holdings, Inc. (NYSE American: AREN), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, today announced that Ross Levinsohn, Chief Executive Officer, Doug Smith, Chief Financial Officer, and Andrew Kraft, Chief Operating Officer will participate in Lake Street Capital Markets’ 7th Annual Best Ideas Growth (BIG7) Conference on Thursday, September 14, 2023.

Key Points: 
  • The Arena Group Holdings, Inc. (NYSE American: AREN), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media, Men’s Journal, and HubPages, today announced that Ross Levinsohn, Chief Executive Officer, Doug Smith, Chief Financial Officer, and Andrew Kraft, Chief Operating Officer will participate in Lake Street Capital Markets’ 7th Annual Best Ideas Growth (BIG7) Conference on Thursday, September 14, 2023.
  • The conference is being held at The Yale Club in New York City.
  • Management will be available for one-on-one and group meetings with investors throughout the day.
  • To receive additional information, request an invitation or to schedule a one-on-one meeting, please email [email protected] or contact FNK IR at [email protected] .

The Arena Group Names Grady Tripp as Senior Vice President of People

Retrieved on: 
Friday, August 18, 2023
Marketing, Advertising, Communications, Other Communications, Media, Public Relations, Investor Relations, Workforce, HubPages, Senior, Culture, Parent, Multimedia, Parental leave, Arena, Comscore, DE, Journal, TheStreet, Acquisition, Sports Illustrated, Growth, Tripp, Commercial software, Environment, NYSE, Total, Management, Entertainment, Lifestyle, Parade

The Arena Group Holdings, Inc. (NYSE American: AREN) (the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade, Men’s Journal, and HubPages, announced today the appointment of Grady Tripp as Senior Vice President, People.

Key Points: 
  • The Arena Group Holdings, Inc. (NYSE American: AREN) (the “Company” or “The Arena Group”), a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade, Men’s Journal, and HubPages, announced today the appointment of Grady Tripp as Senior Vice President, People.
  • Over the last three years, The Arena Group expanded its workforce by 47% while delivering robust annual revenue growth from $53.3 million in 2019 to $220.9 million in 2022.
  • In July 2023, The Arena Group collectively ranked #42 on Comscore’s Top 100 Properties, up from #86 in May 2021, and reached nearly 90 million monthly consumers according to Comscore.
  • If you’d like to partner with The Arena Group, contact [email protected] or visit thearenagroup.net .

The Arena Group Reports Second Quarter 2023 Financial Results; Announces Strategic Expansion and a Three-Year Extension of its Debt Facility

Retrieved on: 
Monday, August 14, 2023
Technology, Publishing, Entertainment, Advertising, Electronic Commerce, Online, Communications, TV and Radio, Internet, Benchmarking, Sport, Astrology, CTV, OTT, Balance sheet, Pageview, MVPD, Parade, TheStreet, Acquisition, Sports Illustrated, Operative, Digital, Three Months, NYSE, Simplification, Golf, Google Analytics, Growth, Security (finance), Liquidity, Bill Maher, NewsNet, FAST, E-commerce, Comscore, Lifestyle, Webcast, Adjustment, Letter, Parade Media, Partnership, HubPages, Similarweb, Sports complex, OTA, Arena, EBITDA, Wine, Cryptocurrency, Video game, Music, Bookkeeping

For additional information regarding non-GAAP financial measures, see “Use of Non-GAAP Financial Measures” and “Net Loss to Adjusted EBITDA Reconciliation” below.

Key Points: 
  • For additional information regarding non-GAAP financial measures, see “Use of Non-GAAP Financial Measures” and “Net Loss to Adjusted EBITDA Reconciliation” below.
  • Chairman and Chief Executive Officer of The Arena Group, Ross Levinsohn, said, “This is a watershed moment for The Arena Group.
  • The conference call will also be webcast live on the Investor Relations section of The Arena Group’s website at https://investors.thearenagroup.net/news-and-events/events .
  • ET on August 28, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 48775.

The Arena Group Signs Binding LOI to Combine with Bridge Media Networks, Creating Diversified Media Leader

Retrieved on: 
Monday, August 14, 2023
Software, Online, Media, Entertainment, Internet, Technology, Digital Marketing, Publishing, TV and Radio, Marketing, Advertising, Communications, Simplification, Travel, HubPages, NewsNet, CTV, OTT, History, Arena, MVPD, Parade, TheStreet, Bhargava, HANS, Commerce, Invention, Form, Sports Illustrated, Webcast, Security (finance), Letter, NYSE, Video game, Bank, Cryptocurrency

The Arena Group intends to use a portion of this cash to reduce its debt by $20 million from current levels.

Key Points: 
  • The Arena Group intends to use a portion of this cash to reduce its debt by $20 million from current levels.
  • The addition of Bridge Media Networks’ assets is expected to be accretive to The Arena Group’s earnings in 2024 and beyond.
  • Simplify Inventions LLC, IV Media LLC and Bridge Media Networks LLC are all founded and led by Bhargava.
  • Despite a challenging advertising market, The Arena Group delivered improved second quarter financial results across key operating metrics, including top-line revenue growth.

5-hour ENERGY® billionaire invests heavily into media

Retrieved on: 
Monday, August 14, 2023
Cumulus Media, Putnam Bridge (New York City), Sport, Travel, HubPages, NewsNet, Internet service provider, OTA, Manufacturing execution system, Men's Journal, OTT, Audacy, Inc., CBS, Arena, CBS Radio, Digital Services Act, MVPD, LOI, TheStreet, Collection, Investment, Invention, Sports Illustrated, Audacy, Radio, Ecosystem, News, Television, Entertainment, Broadcasting, Holding company, Parade, Inc.

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Manoj Bhargava, the founder of 5-hour ENERGY®, announced after market trading today that he is expanding his media interests by creating a significant media holdings portfolio with stakes in print and online media, television and radio broadcast, production and distribution, and digital advertising delivery:

Key Points: 
  • Merging television broadcast network with The Arena Group:
    Via Simplify Inventions LLC and its subsidiaries, IV Media LLC and Bridge Media Networks LLC, he has signed a binding LOI to combine its broadcast networks with The Arena Group Holdings, Inc. a technology platform and media company home to more than 265 brands, including Sports Illustrated, TheStreet, Parade Media ("Parade") and Men's Journal.
  • IV Media LLC acquiring iMedia Brands, and its flagship property, Shop HQ TV, via a successful bid for the company.
  • Bridge News, LLC also owns and operates 50 TV stations nationally, with an additional over 50 independent broadcast affiliates nationally.
  • Altogether, these investments create a portfolio of companies and services that is now an end-to-end media ecosystem of production, distribution, and advertising delivery solutions globally.

The Arena Group to Host Second Quarter 2023 Financial Results Conference Call on Monday, August 14

Retrieved on: 
Tuesday, August 8, 2023
Men, Online, Media, Entertainment, Sports, Internet, General Sports, Consumer, Technology, Digital Marketing, Publishing, Communications, Sports Illustrated, Webcast, HubPages, TheStreet, NYSE, Arena

Ross Levinsohn, The Arena Group’s Chief Executive Officer; Doug Smith, Chief Financial Officer; and Andrew Kraft, Chief Operating Officer, will host a conference call and live webcast to review the quarterly results and provide a corporate update at 4:30 p.m.

Key Points: 
  • Ross Levinsohn, The Arena Group’s Chief Executive Officer; Doug Smith, Chief Financial Officer; and Andrew Kraft, Chief Operating Officer, will host a conference call and live webcast to review the quarterly results and provide a corporate update at 4:30 p.m.
  • The conference call will also be webcast live on the Investor Relations section of The Arena Group’s website at https://investors.thearenagroup.net/news-and-events/events .
  • A telephonic replay of the conference call will also be available from 7 p.m.
  • ET on August 28, 2023 by dialing 877-481-4010 (United States) or 919-882-2331 (international) and using the passcode 48775.